Bullboard - Stock Discussion Forum Hudson's Bay Co. HBAYF

Consumer Cyclical

Hudson's Bay Co, or HBC, is a Canadian retail business group. The company operates department stores throughout Canada, Belgium, Germany, and the United States under various banners. These banners include Saks Fifth Avenue, Hudson's Bay, Lord & Taylor, and Off 5th in North America and Galeria Kaufhof, Galeria Inno, and Sportarena in Europe. HBC also has investments in real estate joint ventures... see more

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OTCPK:HBAYF - Post Discussion

Hudson's Bay Co. > Nice spike today

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Post by Bookends on Nov 21, 2019 11:23am

Nice spike today

Does anyone know what's going on?

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Comment by Maxmoe on Nov 21, 2019 3:43pm

News out that Catalyst is working on a competing bid. I doubt we will hear anything until after the vote fails. In January, which is barely over a month away believe it or not, bakers shareholder agreement that locks up his co-conspirators expires. They will then be free to jump ship, boot baker, and support a better deal for all of us. (Except baker).

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Comment by Bookends on Nov 22, 2019 9:12am

Thanks! I hate when news comes from journalist articles... Somehow the retail folks are always the last to know. As opposed to a formal PR. In any case, this is great news for longs... The way I see it is that Catalyst will try to come up with their own bid. If it works out, then we get competing bids and it would be the best imaginable outcome. If Catalyst doesn't manage to get support from ...more

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Hudson's Bay Co.